Banking & Finance
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82World Bank to Approve Nigeria’s $1b Devt Loan in December
The World Bank has fixed December 16 as the tentative date for the approval of Nigeria’s $1 billion Development Policy Financing (DPF)...
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68Reps Probe Tax Deductions, Multiple Bank Charges
The House of Representatives on Thursday inaugurated an Ad-hoc Committee to investigate the deduction of taxes and sundry charges from the earnings...
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85Nigerians Lose ₦316b to Ponzi Schemes –SEC
The Securities and Exchange Commission has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years,...
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55No New Tax, Just Compliance –FIRS Explains 10% Levy on Treasury Bills
This clarification follows public reactions to a recent directive instructing banks, stockbrokers, and other financial institutions to deduct 10 per cent withholding...
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135CBN Dismisses Reports of FX Abuse in Oil Sector
The Central Bank of Nigeria (CBN) has dismissed recent media reports suggesting the misapplication of foreign exchange (forex) in the oil and...
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147FIRS: Reforms Reshaped Tax Ecosystem
The tax reforms leading to amendments to the tax laws including the Finance Acts, the Petroleum Industry Act, and various subsidiary legislations,...
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118FATF Delisting to Boost Foreign Investments in Nigeria –Agama
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has hailed Nigeria’s removal from the Financial Action Task Force grey list,...
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106Bureau De Change Operators Decry Dollar Scarcity Amid CBN Reforms
The President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadebe, has raised concerns about the hardship that BDC...
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NDIC Launches Drive to Safeguard Traders, Transporters from Fraudsters
The Nigeria Deposit Insurance Corporation (NDIC), has intensified its grassroots sensitisation campaign aimed at protecting traders and transport workers from falling victim...
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167Funding Squeeze Forces Banks to Stash ₦1.62tr at CBN
Liquidity pressures deepened in Nigeria’s interbank market last week as commercial banks continued to channel surplus funds to the Central Bank of...
